TWFG's Preliminary Results: A Glimpse into a Strong Fourth Quarter and Full Year 2024

As we approach the end of 2024, TWFG, Inc. (NASDAQ: TWFG) has provided a sneak peek into its unaudited preliminary financial results for the fourth quarter and full year 2024. The company's strong performance is a testament to its resilience and growth strategies, which have positioned it well in the face of various challenges, including multiple hurricanes.



TWFG's preliminary results indicate a significant increase in revenue for both the fourth quarter and the full year 2024. The company expects its total fourth quarter revenue to be between $49 million and $51 million, representing an increase of 23.8% to 28.9% compared to the fourth quarter of 2023. Additionally, TWFG anticipates its total full-year 2024 revenue to be between $201 million and $203 million, an increase of 16.5% to 18.2% compared to full-year 2023.



The company's anticipated increase in written premiums is another key driver of its growth. TWFG expects its total fourth quarter written premium to be $361 million, an increase of 20% compared to the fourth quarter of 2023. For the full year 2024, TWFG anticipates total written premiums of approximately $1.5 billion, an increase of 18% compared to full-year 2023.



TWFG's anticipated Organic Revenue Growth Rate for the fourth quarter of 2024 is between 20.2% and 20.8%, and for the full year 2024, it is expected to be between 14% and 15%. This growth is a result of the company's strong performance, expansion into new states, and successful recruiting efforts.

In the third quarter of 2024, TWFG launched 86 new branches in 13 new states, which is expected to contribute to future growth. This expansion provides the company with access to new markets and potential customers, further bolstering its position in the insurance industry.